Be aware they might say a home needs more than it would actually need, since they are not the ones paying for the upgrades.  

@William AllenI would not say a few years, a lot closer than you think.  

When I say a professional I do not mean a home inspector.

This is more for my record keeping, I guess you can say a form of journaling my growth..So out of the 1st set of direct mail letters (36 targeted properties) I sent out this past friday (6 days ago) I just received my 1st call form a very motivated seller, AWESOME SAUCE!!

Some say a $100k home in my area (which gets you in a decent suburb), will net you around $250 per month after mortgage, insurance, etc.

Understand what it does not say as well. 

Say a standard 4plex in Fort Lauderdale with 2800 SF.

I snag say a group of 8 properties. 5 are solid rehab and rent properties adding to my portfolio. 2 will be good flip opportunities, and most of the time about 1 is something that is either a decent wholesale or one that just drives me crazy.

Another question that I have for you would be, When I am calculating the cash flow on alternative investments, if I look at say, a $150,000-$200,000 house in one of the areas I mentioned, preferably either in Park Circle or Dorchester II district, do you see the rent multiplier being like .008?

Hey all, So I just got my 2nd property under contract and I have a question, some might say, a NEWB question.